TaxTMI 
TaxTMI 
whether TCS has to be collected from the buyer if he is a manufacturer on scrap sales thank you
Collection of TCS
01 Feb 2010 
4 Replies 
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Tax Collection at Source on scrap: liability arises on scrap sales but exempt if buyer uses scrap in manufacture.
Whether TCS is collectible on sale of scrap by a manufacturer depends on the statutory charge on scrap sales where scrap means waste and scrap from manufacture that is unusable; however no TCS is required if the buyer will use the scrap in further manufacturing and provides the prescribed declaration form. (AI Summary)
Whether TCS is collectible on sale of scrap by a manufacturer depends on the statutory charge on scrap sales where scrap means waste and scrap from manufacture that is unusable; however no TCS is required if the buyer will use the scrap in further manufacturing and provides the prescribed declaration form. (AI Summary)